Average homeowners insurance cost in New York

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Homeowners in New York pay an average of $1,777 per year for a standard home insurance policy.

The coverage limit you choose for your dwelling has a major impact on your premium. More protection generally means a higher cost. Higher coverage means higher premiums. American Family offers some of the lowest rates in the state, making it a good starting point when comparing your options.

Don’t settle for the first quote – reach out to several insurers and dig into available discounts. Since rates hinge on details like your location, the age and construction of your home, your roof’s condition, and your claims history, the prices you’re offered can swing a lot. Getting address-specific quotes from a handful of companies puts you in the best position to land a great rate.

Key Takeaways

Our data puts the average homeowners insurance cost in New York at $1,777 per year.
Of all ZIP codes analyzed in New York, 14515 has the lowest average home insurance rates at around $1,210 annually.
On the insurer side, American Family offers the most affordable average premiums in New York, coming in at $901 per year.

What is the average cost of homeowners insurance in New York?

The average homeowners insurance premium in New York is $1,777 annually for a policy with $300,000 in dwelling coverage, $100,000 in liability protection, and a $1,000 deductible.

How much is home insurance in New York? Cost by coverage level

Homeowners insurance in New York costs $1,777 per year on average, based on a policy with $300,000 in dwelling coverage, $100,000 in liability, and a $1,000 deductible.

However, if you increase the dwelling coverage limit from $300,000 to $400,000, you will pay $2,307 per year for homeowners insurance in New York for $100,000 in liability protection and a $1,000 deductible.

Below, you can find the average cost of homeowners insurance in New York for dwelling coverage of $300,000, $400,000, and $500,000.

Coverage	Average annual rate	Average monthly rate
$200,000 with $1,000 Deductible and $100,000 Liability and 2% Deductible	$1,305	$109
$200,000 with $1,000 Deductible and $300,000 Liability and 2% Deductible	$1,340	$112
$300,000 with $1,000 Deductible and $100,000 Liability and 2% Deductible	$1,777	$148
$300,000 with $1,000 Deductible and $300,000 Liability and 2% Deductible	$1,816	$151
$400,000 with $1,000 Deductible and $100,000 Liability and 2% Deductible	$2,307	$192
$400,000 with $1,000 Deductible and $300,000 Liability and 2% Deductible	$2,349	$196
$600,000 with $1,000 Deductible and $100,000 Liability and 2% Deductible	$3,439	$287
$600,000 with $1,000 Deductible and $300,000 Liability and 2% Deductible	$3,489	$291
$1,000,000 with $1,000 Deductible and $100,000 Liability and 2% Deductible	$5,655	$471
$1,000,000 with $1,000 Deductible and $300,000 Liability and 2% Deductible	$5,716	$476

Average home insurance cost in New York by insurer

American Family has the lowest average homeowners insurance premiums in New York at $901 per year. NYCM Insurance and State Farm also offer competitive rates worth comparing.

Taking the time to shop around can save you a significant amount each year.

The table below shows average annual and monthly rates from insurers in New York, based on $300,000 in dwelling coverage, $100,000 in liability protection, and a $1,000 deductible.

Company	Average annual rate	Average monthly rate
American Family	$901	$75
NYCM Insurance	$1,080	$90
State Farm	$1,236	$103
Nationwide	$1,483	$124
AIG	$1,564	$130
Travelers	$1,606	$134
Heritage Insurance Holdings	$1,626	$135
Allstate	$1,856	$155
Chubb	$1,884	$157
Farmers	$3,239	$270

How to lower your home insurance rate

Shop around. A single quote won’t tell you much. Comparing rates from three or four different insurers in New York is the surest way to find a competitive price.
Bundle your policies. Pairing home and auto insurance, or renters and auto, with the same provider is a straightforward way to qualify for multi-policy discounts.
Ask about smart home discounts. Home security systems, smoke detectors, and leak detection devices are upgrades that many insurers reward with lower premiums.
Check for other savings. It’s worth asking your insurer about loyalty discounts, claims-free incentives, and credits for improvements like fire-resistant roofing materials.

How does your ZIP code affect home insurance rates in New York?

Your ZIP code is one of the biggest factors in your home insurance rate, because it tells the insurer how much risk comes with your location. Areas with higher crime rates, frequent natural disasters, or high rebuilding costs are treated as higher-risk-and that pushes premiums up.

Below are the most affordable and most expensive ZIP codes for home insurance in New York

Most affordable ZIP codes for home insurance in New York

The lowest rates in New York are found in 14515, where homeowners pay an average of $1,210 per year.

Where you live in New York has a real impact on what you’ll pay for home insurance – and your ZIP code is one of the largest drivers of that difference.

Below are average homeowners insurance rates for some of the most affordable ZIP codes in New York.

ZIP code	Average annual rate	Average monthly rate
14515	$1,210	$101
14514	$1,213	$101
14468	$1,214	$101
14026	$1,215	$101
14586	$1,219	$102
14445	$1,221	$102
14526	$1,222	$102
14450	$1,223	$102
14043	$1,225	$102
14038	$1,226	$102

Most expensive ZIP codes for home insurance rates in New York

11976 has the highest rates in New York at an average of $3,450 per year.

Home insurance costs more in certain ZIP codes due to higher crime rates, natural disaster risk, and living costs.

Below, we’ve highlighted some of the most expensive ZIP codes in New York for home insurance:

ZIP code	Average annual rate	Average monthly rate
11976	$3,450	$287
11978	$3,353	$279
11968	$3,338	$278
11954	$3,328	$277
11932	$3,324	$277
11975	$3,322	$277
11930	$3,319	$277
11937	$3,316	$276
11949	$3,292	$274
11962	$3,279	$273

Home insurance rates vary from one city to another. But with Insure.com, finding the right home insurance policy is easy. Learn more about homeowners insurance costs for different cities below.

Home insurance rates in New York by city

See rates in your city

New York

What are the best homeowners insurance companies in New York?

Based on our data, Chubb stands out as a top choice in New York. It earns an AM Best rating of A++ and one of the lowest NAIC complaint scores in the state-a combination that points to both financial stability and customer satisfaction.

To identify the most reliable insurers, we weighed two key metrics:

AM Best Rating, which evaluates a company’s financial strength and its ability to pay out claims.
NAIC Complaint Score, which reflects how many complaints a company receives relative to its size, so a lower score signals fewer problems.

Together, these metrics help you determine an insurer’s financial stability and customer satisfaction. The table below breaks down the best companies in New York by average annual premium, financial rating, and complaint history.

Company	Average annual premium	AM Best rating	NAIC Complaint Index	Overall score
Chubb	$1,884	A++	0.18	5
NYCM Insurance	$1,080	A	0.21	4.71
AIG	$1,564	A	0.09	4.63
American Family	$901	A	0.37	4.58
Travelers	$1,606	A++	0.54	4.1
State Farm	$1,236	A++	0.95	3.7
Nationwide	$1,483	A+	0.87	3.6
Allstate	$1,856	A+	0.9	3.36
Farmers	$3,239	A	0.54	3.06

How to understand insurer ratings and complaint data

A good insurer answers two questions well: Can it pay your claim, and does it keep its customers happy? Independent rating agencies measure both, giving you an evidence-based way to compare your options.

The two ratings referenced here:

AM Best, which assesses an insurer’s financial strength and capacity to pay claims. Higher ratings indicate greater financial stability.
NAIC Complaint Index, compiled by the National Association of Insurance Commissioners from consumer complaint data. The baseline is 1.00 – a lower score means fewer complaints than expected for the insurer’s size, and a higher score means more.

What factors affect your home insurance rate?

Home insurance is priced according to the risk an insurer associates with your property and personal profile. The factors that carry the most weight include:

Where you live. Crime levels, weather-related risks, and local claims activity all factor into your rate.
Your claims history. Having filed claims in the past generally leads to a higher premium going forward.
Your credit-based insurance score. Most states allow insurers to use credit as a pricing factor. A lower score can result in a higher rate, though states such as California and Massachusetts have restrictions on this practice.
Your coverage limits and deductible. Choosing higher coverage or a lower deductible will increase your annual cost.

Home insurance costs have also been rising nationally. S&P Global Market Intelligence’s RateWatch application found that premiums for owner-occupied homes increased by more than 11% in 2023.

Resources and methodology

Source

S&P Global. US homeowners insurance rates jump by double digits in 2023. Accessed June 2026.

Methodology

Insure.com worked with Quadrant Information Services to compile homeowners insurance data, analyzing 20,739,560 quotes from 82 national and regional insurers across 34,588 ZIP codes.

Rates are based on a sample homeowner profile with good credit and the following coverage:

$300,000 dwelling coverage
$100,000 liability protection
$1,000 deductible

Company rankings factor in average annual cost, NAIC score, and AM Best rating. All quoted rates are for comparison purposes and individual premiums may vary.

Alisha Ambre

Alisha Ambre holds a Bachelor of Arts with honours in English Literature and Media Studies. She focuses on crafting clear, engaging content that makes complex information feel practical and approachable for everyday readers. When she’s not writing, she’s likely on the volleyball court or immersed in a good video game.